Kerry Group (OTCMKTS:KRYAY) Shares Gap Down - Here's What Happened

Key Points

• Kerry Group PLC's stock price gapped down from a previous closing of $103.30 to open at $96.36 before last trading at $96.50.
• UBS Group has downgraded Kerry Group from a "strong-buy" rating to a "hold" rating as of May 27th.
• The company operates in two segments, Taste & Nutrition and Dairy Ireland, providing solutions and products for various markets.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $103.30, but opened at $96.36. Kerry Group shares last traded at $96.50, with a volume of 3,591 shares traded.

Analyst Ratings Changes

Separately, UBS Group lowered shares of Kerry Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th.

Kerry Group Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 1.03. The firm's 50 day moving average price is $107.53 and its 200-day moving average price is $105.40.

Kerry Group Company Profile

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.